EURUSD WEEK ANALYSIS 21/01/2024
Updated
Is market really going down hard? or was it just manipulation to go back up?
1.
On EURUSD we see a clear AMD but on a bigger scale where market manipulated into the FVG D and not the POI D.
Market also traded into the discounted zones so a bullish move from here is good as market is still in a bullish trend.
2.
On the 4H we also see a trend liquidity being built up so if that was to be taken out it will give a clear indication of the market willing to push back up.
3.
The trend is still bearish so as long as the trendline holds market will be going down but if it fails then we will be heading back up.
4.
The purple zone is also the same pattern that played out before the move on 14th NOV 2023.
1.
On EURUSD we see a clear AMD but on a bigger scale where market manipulated into the FVG D and not the POI D.
Market also traded into the discounted zones so a bullish move from here is good as market is still in a bullish trend.
2.
On the 4H we also see a trend liquidity being built up so if that was to be taken out it will give a clear indication of the market willing to push back up.
3.
The trend is still bearish so as long as the trendline holds market will be going down but if it fails then we will be heading back up.
4.
The purple zone is also the same pattern that played out before the move on 14th NOV 2023.
Note
Decisional Zone
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